Risk management system and trade engine with automatic trade feed and market data feed

Abstract

The present invention relates to a system for processing trade data and market data to produce risk management reports and delivering reports, simultaneously, to multiple related and unrelated users over a distributed network. In one aspect of the invention, the risk management analysis includes the assessment of risk through mark-to-market, profit and loss, “greek”, FAS 133, and related reports. Further, market and trade data may be collected electronically from exchanges, information service provides, and other sources to be aggregated for use in the risk management analysis.

We claim:  
     
         1 . A method for providing risk management services simultaneously to a plurality of users, comprising: 
 electronically storing market data for a plurality of financial instruments;    electronically storing trade data for a plurality of financial instrument transactions; executed by a plurality of users;    electronically receiving requests over a distributed network from a plurality of users for risk reports on one or more of said financial instrument transactions;    using at least some of said market data to perform simultaneous risk calculations for said requested risk reports;    simultaneously producing risk reports for said plurality of users; and    electronically transmitting said risk reports over said distributed network.    
     
     
         2 . The method according to  claim 1  wherein the market data is electronically received from a third party.  
     
     
         3 . The method according to  claim 2  wherein at least some of said market data is processed prior to said storing step.  
     
     
         4 . The method according to  claim 2  wherein at least some of said received market data is stored without any processing.  
     
     
         5 . The method of  claim 1  wherein at least some of said trade data is electronically received from a trade engine.  
     
     
         6 . The method of  claim 1  wherein said trade data is electronically received from a plurality of trade engines.  
     
     
         7 . The method of  claim 1  wherein said plurality of users are employed by the same entity.  
     
     
         8 . The method of  claim 1  wherein said plurality of users are employed by more than one entity.  
     
     
         9 . The method of  claim 1  further comprising storing access rights for each of said plurality of users.  
     
     
         10 . The method of  claim 9  further comprising granting or refusing a first user's access to trade data for transactions executed by a second user based on said stored access rights.